For the best experience use inshorts app on your smartphone
FHRAI again urges SEBI to cancel OYO's IPO citing its losses
short by Ananya Goyal / on 11 May 2022,Wednesday
The Federation of Hotel and Restaurant Associations of India (FHRAI) has again urged SEBI to call off OYO's IPO citing massive losses suffered by the travel-tech firm in recent years. FHRAI said OYO suffered ₹3,943.84 crore loss in FY21. Since its inception in 2013, OYO's total turnover has fallen 69% from ₹13,413 crore in 2020 to ₹4,157 crore in 2021.
short by Ananya Goyal / 09:39 pm on 11 May
For the best experience use inshorts app on your smartphone